American Carpet One Foundation
- Assets
- $1.3m
- Revenue
- $157.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Aiea, HI
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 71-1009218
Organization Overview
American Carpet One Foundation is located in Aiea, HI. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Carpet One Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American Carpet One Foundation generated $157.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $107.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Carpet One Foundation has awarded 160 individual grants totaling $444,329. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Arita Chairman/president | 0.5 | $0 | |
Christine D Arita Vice President | 0.1 | $0 | |
Daniel K Arita Vice President | 0.1 | $0 | |
Jessica S K Schlais Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $37,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,051 |
| Capital Gain Net Income | $70,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $157,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,216 |
| Total operating and administrative expenses | $18,933 |
| Contributions, gifts, grants paid | $88,200 |
| Total expenses and disbursements | $107,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,850 |
| Savings and temporary cash investments | $1,278,836 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,326,686 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$55 |
| Total liabilities | -$55 |
Grants Awarded
Over the last fiscal year, American Carpet One Foundation has awarded $88,200 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $3,000 |
AMERICAN DIABETES ASSN PURPOSE: GENERAL FUND | $1,000 |
CENTER FOR TOMORROW'S LEADERS PURPOSE: GENERAL FUND | $2,000 |
CHAMINADE UNIVERSITY PURPOSE: ENVIRONMENTAL & INTERIOR DESIGN SCHOLARSHIP FUND | $5,000 |
ASSETS SCHOOL PURPOSE: GENERAL FUND | $3,000 |
COMMON GRACE PURPOSE: GENERAL FUND | $2,000 |